In response to:

Illegal IRS Rule to Increase Taxes & Spending under Obamacare

McMichael Wrote: Aug 19, 2012 12:04 PM
"Alternatively, Congress and the president could stop it with a resolution of disapproval under the Congressional Review Act." Oh, yeah, right. Obumma and the weakling Boehner are working on it right now, I'm sure. And Reid is begging them to let him help out... no doubt.

The written testimony that Jonathan Adler and I submitted for the House Oversight Committee hearing on the Internal Revenue Service’s unlawful attempt to increase taxes and spending under Obamacare is now online. An excerpt:

Contrary to the clear language of the statute and congressional intent, this [IRS] rule issues tax credits in health insurance “exchanges” established by the federal government. It thus triggers a $2,000-per-employee tax on employers and appropriates billions of dollars to private health insurance companies in states with a federal Exchange, also contrary to the clear language of the statute and congressional intent. Since those...

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